The Internet’s Impact on Stock Trading Essay -- Cause Effect Essays

"The Internet’s Impact on Stock Trading" Before the internet, stock trading was done exclusively through brokers. Now that computers and technology have apparent strongholds in the realm of stock trading, more people have access to the market. This essay shares some experiences that online stock trading services and day traders have had due to the radical movement of online trading. The essay commences with a fictional anecdote that describes one man’s unfortunate experience through online trading. It then moves to some non-fictional examples. One company was forced to leave the prospect of trading behind and had to close its services. Another has found refuge in expanding its holdings by moving its primary focus away from online trading services after gaining its initial capital exclusively through this form of business. Individual investors have also gained and lost through internet stock trading. In one example, a retired nurse moves her retirement fund into the stock market in order to make money. And in another, a man invests in technological stock but realizes that they are not as strong as he once thought two years prior. Each of these entities has been affected by the decline in the stock market, and not all were winners. Using research gathered from other publications, this essay’s goal is to focus on the importance of online stock trading and to demonstrate, through analysis, the claim that the industry is vulnerable to an extended decline in the stock market. It was going to be a sure fire way to make some quick money. In the late 1990’s, high technology and internet stocks were experiencing tremendous gains and a new way of trading stock was being developed. Online trading was in its ... ...sh. â€Å"Gains Allure; Fed up with Advice to Stay Put, Some Investors are Looking to Make a Quicker Buck.† 13 Aug 2002. LexisNexis Database. 29 Oct 2002. <http://web.lexis-nexis.com/universe/document/>. Glassman, James K. â€Å"Tech-Bashers Miss the Point.† 24 Feb. 2002. LexisNexis Database. 29 Oct. 2002. < http://web.lexis-nexis.com/universe/document/>. Kanaley, Reid. â€Å"Herd has Veered Away from Online Investing.† 15 Oct. 2002. LexisNexis Database. 29 Oct. 2002. <http://web.lexis-nexis.com/universe/document/>. Tunick, Britt. â€Å"The Financial Supermarket.† 17 June 2002. LexisNexis Database. 29 Oct. 2002. < http://web.lexis-nexis.com/universe/document/>. Wong, A.Y.L. â€Å"Ceasing of the Company’s Online Share Trading.† 12 July 2002. LexisNexis Database. 29 Oct. 2002. < http://web.lexis-nexis.com/universe/document/>.